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USD/JPY Signal - USD Current Account - 23 Mar 2021

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Signal Details
Entry Price: 
108.85
Take Profit: 
109.05
Stop Loss: 
108.60
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDJPY is trading to the upside today having broken the downtrend line prior to the USD Current Account Data. The data is a net flow of current transactions, including goods, services, and interest payments into and out of the US. Technically the pair is trading above the 108.80 pivot and we anticipate continued upside.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.